Event Details

CarTrade Tech Limited's wholly owned subsidiary, Sobek India Private Limited (operating as OLX India), has launched "Elite Buyer for Businesses," an expansion of its existing Elite Buyer program. This new offering is specifically designed for dealers, resellers, and businesses that source inventory through the OLX India platform.

Program Performance Metrics

The Elite Buyer program has demonstrated significant growth:

  • Crossed 80,000 sign-ups in May 2026
  • Surpassed 100,000 buyers in July 2026
  • Currently adding more than 5,000 new buyers every day

Program Features and Capabilities

The Elite Buyer for Businesses program provides AI-powered tools and capabilities designed to enhance the procurement process for professional buyers:

  • VAYA Match making
  • Price Intelligence
  • Condition Check
  • Other AI-led tools

These tools are intended to help businesses identify opportunities, evaluate them, and make faster, more informed procurement decisions.

Category Coverage

The program spans multiple product categories including:

  • Cars
  • Bikes
  • Real estate
  • Electronics
  • Mobiles
  • Jobs

Management Commentary

Varun Sanghi, Chairman of OLX India, commented on the development, stating that Elite Buyer has evolved from "a bet" to "a meaningful business" within a year. He emphasized the company's ambition to make the procurement journey "significantly smarter and more efficient" for businesses across various categories.

Company Background Context

CarTrade Tech Limited is described as one of the world's largest digital automotive ecosystems and India's leading online marketplace company. Through platforms including CarWale, BikeWale, Shriram Automall and OLX India, the company serves over 80 million monthly unique users with over 95% organic traffic generation. The company's marketplaces host more than 63% of India's online used car listings, while its remarketing platforms facilitate the auction of over 1.5 million vehicles annually.

Additional Information

The press release is available on the company's website at https://www.cartradetech.com/. The disclosure was signed by Pal Lal Bahadur Deepnarayan, Company Secretary and Compliance Officer (Membership No. A40812) of CarTrade Tech Limited.

#Tags: #CarTradeTech #OLXIndia #EliteBuyer #BusinessLaunch #RegulatoryFiling #SEBIDisclosure #EcommerceUpdate #Positive